ETH analysis

Candlestick pattern:
Recently, the price has fallen from the high level, forming a clear downward trend.
On the hourly chart, the price has made multiple attempts to break through the vicinity of 3050 without success, indicating strong resistance.
Technical indicators:
MACD: Both the daily and hourly charts are in bearish territory, with DIF and DEA continuing to diverge downwards, indicating that there is still downward pressure in the market.
RSI: The hourly RSI is approaching oversold territory, but it has not reached extreme levels yet, so there may be a rebound demand in the short term; the daily RSI is also weak.
EMA: The current price is below EMA7, EMA30, and EMA120, indicating an overall bearish arrangement and difficult to reverse the decline in the short term.
Volume:
The trading volume in hours has increased after a sharp decline, indicating some selling pressure.
The daily trading volume is relatively stable, without obvious signs of increased or decreased volume.

Buy point 1: 2900 (Previous low support, buying interest may occur at the round number level)
Buy point 2: 2850 (further probing to a stronger support area, increasing safety margin)
Long stop loss point: 2825 (important support level after breaking through the second buying point, to prevent deep retracement risk)
Sell point 1: 3150 (pressure level near EMA7, short-term rebound target)
Sell point 2: 3200 (close to the integer barrier of the previous high point, there is a significant selling pressure)
Short sell stop loss point: 3225 (After breaking through the second sell point, avoid losses caused by trend reversal)